A gold sale by the U.S. Treasury
A) reduces bank reserves.
B) increases bank reserves.
C) increases Federal Reserve assets.
D) leaves bank reserves unaffected.
A
Economics
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A fixed exchange rate causes:
A) transaction costs to increase. B) efficiency to increase only if the economies are integrated. C) efficiency to increase under all circumstances. D) volume of trade to decline.
Economics
If an airport decides to expand by building an additional passenger terminal, and in doing so it lowers its average cost per airplane landing, then the expansion would provide ________ to the airlines
A) higher marginal costs but lower total costs B) higher average costs but lower total costs C) economies of scale D) diseconomies of scale
Economics